360 ONE WAM LIMITED (360ONE)
🎯 Key Takeaways
- 360 ONE WAM LIMITED is in a growth phase driven by strategic acquisitions and expansion in wealth and asset management, though near-term uncertainty persists due to pending tax liabilities. The company has demonstrated consistent revenue and profit growth, supported by strong segment performance and active capital deployment, but faces integration risks and regulatory headwinds from its recent expansion strategy.
- Revenue declined 5.6% QoQ to ₹1,115 in Q4FY26.
- ⚠️ Pending tax assessments of ~₹336 crores pose a near-term financial and regulatory risk, potentially impacting cash flows and investor sentiment.
📖 The Story
360 ONE WAM LIMITED is in a growth phase driven by strategic acquisitions and expansion in wealth and asset management, though near-term uncertainty persists due to pending tax liabilities. The company has demonstrated consistent revenue and profit growth, supported by strong segment performance and active capital deployment, but faces integration risks and regulatory headwinds from its recent expansion strategy.
📰 What's Happening
In FY26, the company reported robust financials with revenue of ₹3144 crores (+18.6% YoY) and PAT of ₹1225 crores (+20.7% YoY), fueled by 30.1% growth in Wealth Management and 32.3% growth in Asset Management revenues. Management completed strategic acquisitions totaling ~₹1,249 crores and finalized the acquisition of Quark Solar Private Limited on April 30, 2026, to expand its renewable energy footprint. An earnings call was scheduled for July 16, 2026, to discuss quarterly results. The Board also declared an interim dividend of Rs 6 per share for FY27, payable May 20, 2026, with specific TDS compliance requirements for shareholders.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 849 | 863 | 760 | 821 | 911 | 1,115 | 1,181 | 1,115 |
| Operating Profit | 575 | 566 | 598 | 562 | 634 | 706 | 764 | 717 |
| OPM % | 67.9% | 62.4% | 55.8% | 56.2% | 62.1% | 64.0% | 61.4% | 59.5% |
| Net Profit | 244 | 245 | 276 | 250 | 285 | 315 | 327 | 289 |
| EPS | ₹6.76 | ₹6.75 | ₹7.26 | ₹6.38 | ₹7.16 | ₹7.80 | ₹8.08 | ₹7.12 |
Operating performance shows strong top-line momentum, with Q4FY26 revenue at ₹1,115 crores and operating margin at 59.5%, though slightly down from peak levels seen in earlier quarters. Net profit of ₹289 crores and EPS of ₹7.12 reflect healthy profitability, but there is a marginal deceleration in growth compared to prior quarters, likely influenced by integration costs from acquisitions and scaling investments. Despite this, margins remain structurally strong, indicating operational efficiency even during expansion.
🔮 Management Outlook & What's Next
Management has not provided explicit forward guidance in the latest filings beyond announcing the earnings call for July 16, 2026, where further commentary on performance and strategy is expected. No official outlook or updated targets were disclosed in the available documents. Investors should monitor the upcoming call for insights into growth sustainability, margin trajectory, and updates on integration progress of recent acquisitions.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | 2024-2025 | 2025-2026 | 2025-2026 | 2025-2026 | 2025-2026 |
|---|---|---|---|---|---|
| Equity Capital | 39 | 40 | 40 | 41 | 41 |
| Reserves | 7,026 | — | 9,308 | — | 9,795 |
| Borrowings | 3,050 | — | 2,945 | — | 2,358 |
| Total Liabilities | 12,704 | 12,897 | 14,916 | 16,721 | 17,366 |
| Fixed Assets | 290 | — | 296 | — | 363 |
| Investments | — | — | — | — | — |
| Total Assets | 19,769 | 21,482 | 24,265 | 26,484 | 27,201 |
The balance sheet indicates a deliberate shift toward higher leverage and capital deployment, with net borrowings at ₹2,358 crores and total assets growing to ₹27,201 crores. Equity has modestly increased to ₹41 crores plus reserves of ₹9,795 crores, suggesting retained earnings are being reinvested rather than distributed. The company is actively financing growth through debt and cash flow from operations, reflecting a growth-oriented capital allocation strategy with moderate leverage relative to equity.
💰 Cash Flow Statement (₹ Cr)
| Item | 2020-2021 |
|---|---|
| Operating | +412 |
| Investing | +4,129 |
| Financing | -4,836 |
| Net Cash Flow | — |
⚖️ Peer Comparison — Capital Markets
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| SBI-ETF Nifty 50 | 2.06 L Cr | — | — | — | — |
| BSE Limited | 1.63 L Cr | 174.4 | — | — | — |
| ICICI Prudential Asset Management Company Limited | 1.58 L Cr | — | — | — | — |
| Billionbrains Garage Ventures Limited | 1.18 L Cr | — | — | — | — |
| HDFC Asset Management Company Limited | 1.16 L Cr | 49.0 | — | — | — |
| Multi Commodity Exchange of India Limited | 86,468 | — | — | — | — |
| Nippon Life India Asset Management Limited | 70,250 | 52.2 | — | — | — |
| UTI Nifty 50 ETF | 68,813 | — | — | — | — |
| Nippon India ETF Nifty 50 BeES | 62,392 | — | — | — | — |
| NIPPON INDIA ETF GOLD BEES | 58,044 | — | — | — | — |
⚠️ Risk Factors
1. Pending tax assessments of ~₹336 crores pose a near-term financial and regulatory risk, potentially impacting cash flows and investor sentiment. 2. Integration of acquired businesses, including Quark Solar, introduces execution and cultural integration risks that could affect profitability. 3. Margin compression in core wealth management segments, as seen in declining OPM trends from 67.9% to 59.5%, may pressure earnings if not managed effectively. 4. High reliance on market-linked revenues exposes the company to equity market volatility and client flow fluctuations.
📋 Recent Filings
-
🟡 Board Meeting 10 July 2026360 ONE WAM LIMITED announced an earnings call for the quarter ended June 30, 2026, scheduled for July 16, 2026 at 5:30 p.m. IST, where management wil...
-
regulation 29 17 June 2026The filing discloses a substantial acquisition under SEBI Takeover Regulations where SMALLCAP World Fund, Inc. purchased 4,290,086 shares of 360 ONE W...
-
Announcement 25 May 2026360 ONE WAM LIMITED announced its participation in multiple investor conferences scheduled between June 2 and June 24, 2026, including BofA, Citi, Inv...
-
Announcement 11 May 2026360 ONE WAM LIMITED announced its schedule for upcoming investor conferences, including Citi's Pan-Asia Conference on May 18, Motilal Oswal Singapore ...
-
🔴 Announcement 30 April 2026360 ONE WAM LIMITED announced that its wholly owned subsidiary, 360 ONE Alternates Asset Management Limited, completed the acquisition of Quark Solar ...
-
🟡 Board Meeting 22 April 2026No summary available
-
🔴 Corporate Action 22 April 2026360 ONE WAM LIMITED announced a first interim dividend of Rs. 6 per equity share for FY 2026-27, payable after tax withholding on April 22, 2026. Shar...
-
🔴 Financial Results 21 April 2026The Board approved unaudited Q4 FY26 and audited FY26 results, announcing a Rs 6 interim dividend payable May 20, 2026, and reappointing B B S R & Ass...
-
🔴 Announcement 21 April 2026360 ONE WAM LIMITED disclosed a tax demand of INR 192.42 crores from the Joint Commissioner of Income Tax (OSD), Mumbai, covering assessment years Apr...
-
🟡 Board Meeting 21 April 2026The Board approved the utilization of ₹2,111.80 crore raised through a preferential issue of equity convertible warrants for debt repayment, investmen...
🧠 Analyst's Read
360 ONE WAM LIMITED is executing a clear growth strategy through acquisitions and market expansion, supported by strong financial performance and improving margins. However, near-term risks from tax liabilities and integration challenges require close monitoring. Investors should watch for clarity on margin trajectory and resolution of tax issues during the upcoming earnings call to assess the sustainability of growth.
Based on filing content and financial data. Not a recommendation.
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.
📡 Get AI alerts for your stocks — summarized by AI daily
Set up your AI Radar — pick stocks, get daily email summaries of new filings.
Set up AI Radar — FreeFree account · 2 AI queries/day
© 2026 StockFin.ai — AI-powered Indian stock research